Over 270,000 jobs were added in May, yet the unemployment rate still rose, fueling economic concerns.
The U.S. added 272,000 jobs in May, a higher number than the average monthly gain of 232,000 jobs seen in the last year, the Bureau of Labor Statistics reported in its Employment Situation summary.Unemployment ticked up slightly from 3.9% to 4.0%. Compared to last year, the unemployment rate hasn’t changed substantially. Last year, in May, the jobless rate was 3.7%.Several industries led the growth in jobs. Health care and government jobs increased by the most.
Survey respondents planned to reduce their spending on furniture and décor.Gardening supplies was the one category consumers expected to spend more on, unsurprising with the arrival of spring and summer.Fewer consumers across all income and age groups said they planned on splurging in the next three months. Gen Zers had the highest rate of respondents willing to splurge on purchases.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Empleadores en EEUU añadieron 272.000 puestos de trabajo en mayoLos empleadores estadounidenses añadieron 272.000 empleos en mayo, una aceleración con respecto a abril y una señal de que las empresas aún confían lo suficiente en la economía para seguir contratando, a pesar de tasas de interés persistentemente altas.
Read more »
Serious crash could cause delays for US Women's Open players, fans, volunteersA crash that has shut down Oregon Pike/Route 272 in Manheim Township, Lancaster County, is having an impact on the US Women's Open.
Read more »
'Unprecedented': St. Johns County needs more firefightersOver the last Memorial Day weekend, the average was 272, about 100 more calls per day each of the three days.
Read more »
Global unemployment to slightly fall in 2024, UN labour body saysGlobal unemployment to slightly fall in 2024, UN labour body says
Read more »
Map Reveals States With Highest Increase In Unemployed ParentsIn one state, parental unemployment has increased by 359 percent.
Read more »
Unemployment jumps 4% from 2023 for new college graduatesAccording to the Bureau of Labor and Statistics, it is now above 12% for students with bachelor's degrees, which is 4% higher than in 2023.
Read more »